Coatue leads $25m Series C for Chinese data analytics firm Kyligence

Charts with statistics on the screen of a laptop on a glossy surface. Photo: Unsplash

Shanghai-based data analytics firm Kyligence on Thursday announced that it has raised $25 million in a Series C funding round led by Coatue Management.

The round was joined by existing investors Redpoint Ventures, Shunwei Capital and Eight Roads Ventures, the venture capital arm of investment management firm Fidelity International.

As part of the financing, Coatue Management partner Daniel Senft has joined the Kyligence board of directors, the company said in a statement.

Founded by the creators of online analytical processing tool Apache Kylin, Kyligence delivers technology for analyzing data instantly at petabyte scale. It plans to invest proceeds from the Series C round in its core technology and products, and integration with other cloud, big data and business intelligence providers.

“Kyligence has displayed impressive growth. We see enormous opportunity for the company and look forward to helping the talented team at Kyligence accelerate its expansion in high-growth markets,” said Coatue’s Senft.

The firm had earlier raised a Series B round led by Eight Roads Ventures in July 2018.

Joe Chang, a partner at Eight Roads Ventures China, said Kyligence’s solutions were trialled by global businesses, including Fidelity International.

“As the first investor in Kyligence, we are excited to witness its completion of the latest round of financing. The company has experienced strong momentum by becoming China’s top original open source big data software company,” commented David Yuan, founder and managing partner of Redpoint China Ventures.

In conjunction with the Series C investment, Kyligence has appointed Debashis Saha, vice president of platform at Intuit, as Board Advisor.

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Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.